• $78.5 billion of net debt in 2010-11 – $3,500 per person• $4.6 billion of interest paid on net debt in 2010-11 - $205 for every Australian • A Budget deficit of $40.8 billion in 2010-11 (the biggest deficit since World War II)• To fund its reckless and wasteful spending, Labor needs to borrow more than $100 million every day.